₹12 Lakh Tax-Free Under India’s 2025 Income Tax Bill. What Nris Need to Know
India implements the Income Tax Bill 2025 with new slabs and NRI relief as families navigate higher U.S.…
Green card holder in China criticizes U.S. worldwide tax on foreign income
Green card holders in China must continue filing U.S. returns reporting worldwide income in 2025. FEIE rises to…
CBDT clarifies: tax officials will analyse only financial data
Passed August 11, 2025, the Income Tax Bill updates rules for digital-era investigations. Section 247 allows authorized officers…
German aviation lobby urges halving €35 passenger tax as carriers avoid airports
BDL warns Germany’s €35 air passenger tax is prompting airlines to redeploy aircraft abroad, reducing routes and jobs.…
John Oliver Calls ICE Crackdown ‘Driving Up Arrests at All Costs’
On May 14, 2025, John Oliver revealed ICE directed field offices to reach 1,200–1,500 arrests daily, roughly 75…
U.S. Imposes 50% Tariff on Indian Gems and Jewelry; Exports Plunge
A 50% U.S. tariff on Indian jewelry, effective August 27, 2025, significantly raises prices for buyers and travelers.…
No New OPT-Specific Taxes in 2025 Despite Major Tax Law
No OPT-specific tax exists as of August 8, 2025. The OBBBA (July 4, 2025) changed general tax rules…
Can You Take a Loan from Your 401(k)? Rules, Limits, Risks Explained
A 401(k) loan provides quick, credit-check-free cash but reduces retirement growth. Confirm plan loan availability, calculate the lesser…
Understanding Dual Citizenship: Rights, Rules, and Tax Responsibilities
Dual citizenship requires both countries’ permission and can arise by birth, descent, marriage, or naturalization. Gather certified documents,…
New U.S. Tariff Rules Impose Duties on All Gifts from India
U.S. trade policy changes end the duty-free allowance for packages under $800 from India effective August 29, 2025.…
What Trump’s Executive Order Means for 401(k) Private Equity Access
The August 2025 executive order begins regulatory review to allow private equity and crypto investments in 401(k) plans.…
U.S.-India Tax Treaty and 401(k) Withdrawals: Key Facts for Indian Residents
Indian residents do not get treaty tax relief on U.S. 401(k) withdrawals and face a 30% U.S. withholding…
Navigating 401(k) Withdrawals for Non-U.S. Citizens Living Abroad
Non-U.S. citizens can withdraw 401(k) funds but face 30% default U.S. withholding tax. Tax treaties may reduce this…
Correct Filing Fees and Payment Methods for I-130, I-485, I-765 Concurrent Filing
Eligible immigrants in the U.S. can concurrently file Forms I-130, I-485, and I-765 with separate fees totaling $2,375.…